Supreme Industries Limited, India’s leading Plastics product manufacturing company, has reported Consolidated financial results for the period ended June 30, 2023. The company has posted net profit / (loss) of Rs. 215.54 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 359.43 crores for the period ended March 31, 2023. It posted net profit of Rs.213.85 crores for the period ended June 30, 2022. The company has reported total income of Rs. 2382.78 crores during the period ended June 30, 2023 as compared to Rs. 2609.71 crores during the period ended March 31, 2023. It reported total income of Rs.2210.53 crores during the period ended June 30, 2022.  The company has total Cash Surplus of Rs. 951 crores as on 30th June, 2023 as against Cash Surplus of Rs. 738 crores as on 31st March, 2023. M. P. Taparia, Managing Director, The Supreme Industries Limited, said: “Polymer prices witnessed a downward bias and continue to fall albeit in range bou...

Westlake Chemical Corporation announced its Vinnolit subsidiary in Germany launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC, which is one of the most widely utilized plastics in the construction, automotive and medical sectors. “Market demand for lower-carbon plastics and materials is rising rapidly as more customers are seeking ways to reduce their carbon footprints and meet their sustainability goals,” said Vice President, Europe & Asia Vinyls Chemicals, Dr. Karl-Martin Schellerer. “GreenVin PVC performs as well as traditional PVC while offering a more climate-friendly product that our customers can feel good about using. This product and the entire GreenVin product line are part of our overall commitment to meeting society’s needs and enabling a better future.” The introduction of GreenVin PVC follows the market launch of GreenVin caustic soda earlier this year, with the product line expected to extend into the companyR...

Latest price (January 12): 8,260 yuan / ton According to the data monitoring chart of toodudu, the average domestic spot price of PVCC5 was 8,260 yuan / ton on January 12, down 0.12% from the previous day. The enterprise quotation rose and fell. On the whole, the price remained in the range of 8,000-8,550 yuan / ton, and the price adjustment was little. At present, the price of raw materials has fallen slightly to around 4,550 yuan / ton, the cost support has declined, the demand side is weak, the enterprise inventory has increased, and the market transaction is tepid. China PVC is expected to continue to maintain a weak trend.   If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com.